a. Business strategists believe having well spelt out mission and vision for business entity renders it more performing than having none. Explain why this thinking may not apply to most business organizations. b. Do you think firms' vision and mission statement should be changed to reflect the detects of the global pandemic?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Answer all questions that is question 1 and 2

a. Business strategists believe having well
spelt out mission and vision for
business entity renders it more performing
than having none. Explain why
this thinking may not apply to most business
organizations.
b. Do you think firms' vision and mission
statement should be changed to
reflect the detects of the global pandemic?
Transcribed Image Text:a. Business strategists believe having well spelt out mission and vision for business entity renders it more performing than having none. Explain why this thinking may not apply to most business organizations. b. Do you think firms' vision and mission statement should be changed to reflect the detects of the global pandemic?
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